According the report, Integration of SIEM Solution with Managed Detection and Response Tools is one of the primary growth factors for the market. Rising Necessity for Continuous Monitoring and Incident Response
is also expected to contribute significantly to the Security Information and Event Management market. Overall, Banking, Financial Services and Insurance (BFSI)
applications of Security Information and Event Management, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Security Information and Event Management market identified that the demand is rising in many different parts of the world as "Rise in Concerns Over IT Security
" Furthermore, some recent industry insights like "On September 14, 2021 – Securonix, Inc. announced that it has been recognized for providing the highest overall value of all vendors evaluated in the 2021 GigaOm Radar for Security Information and Event Management (SIEM) Solutions." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Security Information and Event Management market by Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Security Information and Event Management market and other related sub-markets covered in the study.
o Key & emerging players in the Security Information and Event Management market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Security Information and Event Management market size is calculated using market estimation process, the Security Information and Event Management market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Security Information and Event Management market size has been validated using both top-down and bottom-up approaches.